12 bed flat for sale

Stafford Road, Wolverhampton, West Midlands WV10

**** block of flats **** investment opporuntity **** Bairstow Eves are delighted to offer for sale this attractive freehold block of six self-contained apartments, presenting a rare and secure investment opportunity within a private gated development. The sale includes six individual leasehold titles together with two freehold titles, providing full ownership of the building and all associated communal areas.

The block is of traditional brick construction and is arranged over multiple levels, comprising six well-proportioned two-bedroom flats. Four of the apartments benefit from two bathrooms, including an en-suite to the principal bedroom, while the remaining two offer two bedrooms and a modern family bathroom. All of the flats feature open-plan kitchen and living areas, designed to maximise both space and natural light, and each is fitted with gas central heating and generous built-in storage. The top-floor apartment enjoys the added benefit of a private balcony accessed directly from the lounge, further enhancing its appeal.

The flats are consistently presented and well laid out, making them highly attractive to both tenants and owner-occupiers. Five of the six apartments are currently let on rolling monthly agreements following their initial six-month ASTs, while one is presently unlet, offering immediate scope for additional income.

The site itself forms part of a well-maintained, walled and gated development consisting of one block of six apartments, seven houses within the gated grounds, and two further properties located just outside the development. Within the gated area there are 26 allocated parking spaces, providing two spaces per property, along with dedicated bin stores and secure bike storage. The communal hallways, car park and shared areas are all included within the freehold.

Each apartment is subject to a ground rent of £125 per annum. The structure of the titles, the quality of the accommodation and the secure setting all combine to make this a strong long-term investment with reliable fundamentals and future potential.

This is a rare opportunity to acquire a complete freehold block within a gated development, offering income, control, and security in one compelling package.

Flat Information

720 Rent £550 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms
722 Rent £650 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms
724 Rent £550 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms
726 Rent £525 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms
728 Currently unlet One bathroom two bedrooms
730 Rent £600 Tenancy rolling month contract after initial 6 month AST One bathroom two bedrooms

Titles

The sale includes 6 leasehold titles and 2 freehold titles for sale the ground rent for each of the apartments is £125. This includes the apartment block, which is brick built, and all freehold titles associated with the leasehold including the communal hallways and communal areas of the gated carpark.

Car Parking And Rent/ Charges

The gated carpark is shared between the apartments and 7 houses within the gated walled carpark. The 9 houses are eligible to pay a £1 rent charge every 6 months. This rent charge ties in the owners to a management fund to maintain the communal areas. The site consists of a gated walled development with 7 houses and one block of 6 apartments and two further properties just outside of the gated development. Within the gated area there is 26 allocated car parking spaces, two per property. All 15 properties pay into a management fund to maintain and upkeep the carpark and communal areas. The freehold site is in good order and it is managed by the current sellers rather than an external management company this enables them to keep cost low and generate revenue.